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20121211
20121211
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
of being latest and biggest city to file for chapter 9 bankruptcy. detroit mayor binge said the city will lay off 400 to 500 workers in the nexx few months. will take a lot more than that to keep the city from going broke. we're joined by michigan senator rick jones. thanks for joining me, nator, do yoo think if they dot latest layoffs will it satisfy the milestones the city needs in order to get more state aid? >> it is gooddstart and but not enough. we have a city cncil totally sfunctional. recently mayor bing asked th to come in, they said we're on hoday. it is unbelievable. melissa: you saidhey think they deserve a bailout. what makes you think that they feel? >> detroit city councill3 woman came on national tv and said, president obama, we all voted for you. it is time to bring the bacon. bail us out. that outrage just. that folks think they can just spend money like no tomorrow and expect anybody else to bail them out. my constituents from mid michigan are saying no bailout. they need to fix the city theirselves. melissa: this is something going on all across the country. its w
economy is the former new york city mayor rudy giuliani. how are you? >> how are you, sean? good to see you. >> sean: i just like to learn from people that have done successful things, you took how many people off of welfare when you were mayor? >> 600,000. >> what was the deficit when you became mayor? >> $2.3 billion. >> sean: and the debt? >> staggering. >> 600,000 off welfare, and -- >> we did it by my taking a report that asked me to raise taxes and throw in the garbage. the report said you have to raise taxes across the board. said nothing about reducing spending. i said to myself -- i wasn't an economic expert then. i became one after being mayor of new york. i said this doesn't make sense. if i raise taxes now, i have to do it again in two years, then four years, because i'm losing the tax base. people will leave. i'll try something different. i'll try to lower taxes, lower spending. i can't lower taxes too much at the beginning, but just a little bit, lower spending. i lowered taxes -- actually i think sean i lowered taxes than all the mayors combined by about $3 billion. three
one of the best things that could happen to the state of michigan and maybe the city of detroit. if you are a car company and want to do business there because the unions are too strong and thes have to be so high and all of the jumping through hoops. maybe now you can. maybe the next car company will go do business there and bring jobs there. >> gretchen: remember back during the bailout, the unions got the good end of the deal in the bailout. it was privately held dealerships that got the rough deal. >> eric: stock holders and bond holders. >> steve: if you were holding gm stock it went to zero. >> gretchen: unions won in that deal. >> eric: uah w took billions up front. stock holders you know you might lose everything. when you buy a bond you are first in line and they wiped out the bond holders. >> gretchen: and for the state of indiana teachers infact. >> brian: gm bond holders got roll add out. capitalism rules and president obama changed going forward. >> steve: if you are a union member your union will go to bat for you and they went to bat at chrysler. do you remember w
. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and much more when it comes to housing. in the money line tonight, investors waiting cautiously to see whether washington can work out a deal to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stock
bolling, dana perino and greg gutfeld. it's 5:00 in new york city. this is "the five." ♪ ♪ >> kimberly: another death rocks the n.f.l. a week after the belcher murder-suicide. cowboys' defensive lineman josh brent charge charged with intoxication manslaughter after his passenger and teammate jerry brown was killed in a car crash outside of dallas on saturday. police say brent was speeding when the vehicle hit a curb and flipped. he is out of jail now after posting $500,000 bail. >> do you have anything you want to say to jerry brown's family? >> jerry brown is my dear best friend. i'm just trying to deal with his death right now. >> kimberly: i can only imagine. the fact it comes days after kansas city chief jovan belcher killed his girlfriend and then himself. the new video shows cops confronting him before the shooting. belcher was reportedly out drinking that night and brent's arrest is the 15th player arrested for suspicion of dui. it's a problem. what should the n.f.l. do about it? that's the discussion over the weekend. people have strong opinions about this. thinking there shoul
, willie. >> look at this! >> neighbor american cities. >> look at this, morsy, right here, his people are now beating up -- i thought he was a great hope. is that the story? >> no. major american cities are seeing their first success in stemming the growing weight of obesity -- rate of obesity, philadelphia, new york and los angeles and other communities across the u.s. are finding modest success rates in this. the number of reported obese children was down 5.5% over the last five years in new york city schools, mayor bloomberg, researchers are not sure what's behind the decline. there's a growing awareness in this city, thanks to the mayor -- >> this mayor -- >> i think he's fantastic. >> he's a killjoy. >> what part of your joy has he killed? >> really? you can't smoke and eat disgusting food. >> what can't you do anymore? >> you want children across the city even in poor neighborhoods to have access to equally hea h healthy food as the wealthiest children in the world who live here. i'm story. i'm sorry. that that's terrible. he should stop that right now. >> i'm talking about smo
in redwood city but only 60s in concord. fairfield we did see some fog to the delta, earlier. as we take a look at the satellite and radar is going to stay clear for the overnight hours. tomorrow, the stormtracker will start impacting the south. rainfall tuesday and wednesday. the north bay, the delta of fog with chilly temperatures. tomorrow, increasing clouds for late afternoon. we what time it out on futurecast. coming up. themcraigslist buyers beware. a man robbed at gunpoint in an east bay suburb, right in a public place. details on the break. and at 5-30. an nfl team dealing with major tragedy. one player is dead -- murder. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me.
of minutes. martha: that will be interesting. a shocking crime in the middle of new york city. a man gunned down in cold blood as holiday tourists looked on in horror. >> he was gone, whoever did it was gone. nobody has seen him. there was a bunch people around. oming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! money she is getting. the soda company agreed to pay an estimated $50 million to beyonce. worth every penny, don't you think? greg
free. bob in rapid city, south dakota, republican caller. caller: whee are a right-to- work state. in the past week we had an article in the newspaper that we are 16th in the nation in income. we averaged 44,000. where is the nation averages 41,000. so it's just not true that a right-to-work state means lower income. our unemployment rate is around 5% or 5.2. host: 4.5%, according to this washington times piece this morning. caller: our union membership in the state is 5.6%. so it is not very high. we have three of the poorest counties in the country, and south dakota, also. those are primarily indian reservations. without those numbers pulling the numbers down, we would be even higher than that. desk because you are a right-to- work state does not mean you are giving up anything in the labor force. -- just because. host: in north dakota the natural gas and oil industry has really boomed in the last few years. is that the case in south dakota? caller: we get a little bit of that, particularly in western south dakota, because it flows into the northwestern part of the state. we are
hospitals in the city that had to close down entirely. and that has meant that emergency rooms and other facilities in the remaining still open hospitals in the city have been overwhelmed with a big increase in patients. the whole thing was and is a mess. well, when we reported on that dire situation at the veterans hospital a few weeks ago, the most dire part of it was the prospect that it would never reopen. they were not even making estimates of when it might open again, if ever, which is a daunting thing for the largest city in the country which has a huge concentration of veterans. but as i said, this is the good news part of it. and there is some good news here. after refusing to initially say if that hospital was ever going to come back, the v.a. has finally announced a reopen date for that hospital. they say they will reopen the outpatient clinic, at least at the manhattan v.a. hospital in march. there is no word yet on when the in-patient facility will be open. but you know what? for a place that we didn't know was ever going to reopen ever, this is not a bad start. so that is t
direction. with humira, remission is possible. >>> here's a look at the weather. in some cities, new york, 50 degrees. thunderstorms in miami, 83. clouds and sun in chicago, 38. sunny in dallas, 52. same deal in l.a., 73 degrees. >>> let's check your national forecast. another storm splashes across the pacific northwest. some areas could get one inch of rain and up to a foot of snow in the mountain regions. thunderstorms in the south could bring damaging wind gusts, hail, and damaging tornadoes. it will be breezy and colder in the northeast with temperatures dropping 10 to 25 degrees. most of the south will be dry and chilly. >>> in sports this morning, a blowout in foxborough. patriots' brady threw for almost 300 yards and four touchdowns against houston. in the fourth, brady dumped the pass off. breaking tackles, the ball pops out. brandon loy falls on it in the end zone. new england destroys the texans 42-14. the loss snaps houston's six-game winning streak and puts the patriots one game behind the texans for the conference top seed. >>> in basketball, the heat shut down the hawks. leb
ancestors i come from delaware city, delaware. my ancestors came from salem new jersey. i found out recently that my ancestors came to salem new jersey into philadelphia from latvia and she starts looking at me and said how do you know all of this? i said i know because i've been on this great site called ancestry.com. here in the middle of a cocktail party selling this product. i urge you to try it, too. they'll give you two free weeks if you go to ancestry.com. discover all you can about your family before you then decide whether or not to sign up. it is a perfect time to do it this time of year to find out stuff about your family roots then when your crowd gets together for the holiday party you can impress them with everything you've learned. go to tryancestry.com. peter, what's happening here? >> we're tweeting at bpshow. some fantastic responses to our information we gave you to get in touch with rick schneider the governor of michigan. it is onetoughnerd. spell it out. >> bill: who would ever have a twitter ha
. >> can i switch gears briefly on the question of detroit city, its terrible finances, the likelihood that it's going into bankruptcy, some of the local politicians asked president obama to bail out detroit city. do you think a bail out like that's coming? >> i think we need detroit to accept responsibility. we need a healthy detroit. in michigan we want a healthy detroit. we need detroiters to accept responsibility. they are free to ask the president for more money. i can tell you there will not be more money coming from lansing. we need to get detroit fixed and move forward together. >> apparently mayor dave bing, the former basketball great and a good businessman before he was mayor says, and i will quote -- he blames the culture of victimization and entitlement for detroit's woes. i can write that large for the entire usa budget deficit but let's stick to detroit. is the mayor correct? >> i will leave mayor bing to stand for his own comments. i believe we need a healthy detroit and there is great opportunity in detroit just as there is opportunity all over the state. we are turnin
.c.'s mayor and city council. next major tax break, state and local taxes. deductible in full from taxable income. this costs the federal government about $47 billion a year, almost 5% of the annual deficit. so what's the objection to getting rid of the state and local tax deduction? >> the deductions for state and local taxes lowers the cost the citizens are paying those state and local taxes. it means those governments can charge higher tax than they otherwise would. take that away they'll have to lower their revenues at a time when they're in trouble themselves or it's going raise the cost to the citizens who won't be happy about it. >> reporter: as lawmakers rush to rescue the economy from the fiscal cliff emergency, they have focused -- as have we thus far -- on itemized deductions. but when it comes to tax breaks or preferences, says robert... >> not just deductions. it includes things like exclusion from income, the biggest one of which is the we don't tax you on the premiums your employer pays for the health insurance we get. much bigger than anything on the deduction side. it's no
boston and new york city. they'll be out of the way fairly quickly. our main story is florida. miami, naples, picking up showers and thunderstorms. a half dozen tornados across the south yesterday. we'll watch tampa, daytona be h beach, ft. myers. this is the spot for strongest storms to develop. the cold air, finally returning to deal for many. 50s in atlanta after our average hey hoob around 71 degrees. we're looking at generally average temps tomorrow. the return to average is what makes it feel so cold outside. i can say, guys, that as we head towards the end of the week, wintered is going to return. snow is going to start to return, as well. >> good. that was better than rain. >> i sense your ens tus amp. you're excited about this. >> i am. i know aspen got a foot yesterday. we don't want to waste it on rain. we had 20 inches over on the west coast. move that over. let's get some snow. even back here, we had 39 degrees and raining doesn't help anyone back here, does it? >> no. that's brutal stuff. for you guys. you're watching sunday night into monday into the northeast. that's
gathering at the state capital in lancing, michigan as the city prepares for what could be the largest demonstration in history. the legislature has now rushed through right to work legislation, and governor rick snyder is expected to sign it today. police are on hand and limbed the number of people allowed in the common areas of the capitol. president obama said the right to work bill is not about economics and has everything to do with politics. taxpayers have now made a total of about $22.7 billion overall from the government's investment in the bank rescue. aig is now fully private again. and the british bank is going to pay the u.s. a $1.9 billion penalty for breaking u.s. sanction laws. they have transferred money through the u.s. to drug car tails and nations like iron. the sweatshirt is nice and all but i could use a golden lasso. the chill of peppermint. the rich dark chocolate. york peppermint pattie get the sensation. >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten command
to pay taxes in that city. you might not like the administration of government, you might not like -- you will pay city taxes or you can move out of the city. you can change the process and get involved in the same way -- stuart: i understand point. [talking over each other] stuart: voting to make michigan a right to work state. that is the democratic process. that is what is happening here. >> these people on lawfully legally expressing their opinion today. we have a mess on our hands. stuart: let me throw this that you. in the last ten years the employment level, the number of jobs in right to work states has gone up 10%. the employment level in non right to work states like michigan has gone 1%. don't you think there's something to be said for being right to work in terms of getting more jobs to your state? good jobs at a toyota or honda? >> there is no more pro-business mayor in the state or the country but i can tell you as you know as a business reporter there tweet types of lies, lies, damn lies and statistics. i didn't make that up but i can show you statistics the other way that
in lancing, michigan as the city prepares for what could be the largest demonstration in history. the legislature has now rushed through right to work legislation, and governor rick snyder is expected to sign it today. police are on hand and limbed the number of people allowed in the common areas of the capitol. president obama said the right to work bill is not about economics and has everything to do with politics. taxpayers have now made a total of about $22.7 billion overall from the government's investment in the bank rescue. aig is now fully private again. and the british bank is going to pay the u.s. a $1.9 billion penalty for breaking u.s. sanction laws. they have transferred money through every day presents another exciting issue. from financial regulation, fraud on wall street. things everyday exploding around the world that leave no shortage for exciting conversations. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. then how'd i get this... [ voice of dennis ] ...allstate safe dr
stream together instead of the way things typically are, where it is a particular state or city looking for that. we have seen there is enough interest at 13 partnerships would apply for that. that shows the promise of the strategy, which has been used in germany, of the national manufacturing innovation hubs. that is something we will to promote in a second term and expand further. >> over here. >> thank you. every child matters. i applaud you for your comments about the need not to have less having money for children versus money for research and other vital needs in the domestic discretionary budget. the question is, where do we find more revenue? and have you considered taxes on stock transfers and stock transactions or other kinds of innovative -- carbon taxes, other kinds of approaches where we can find new revenue that it would be possible for us to have amongst ourselves for important resources? >> it is going to shock you to know that i'm not here to make news on a new revenues. we are busy fighting right now to make sure that we have a budget agreement that is very balanced, a
Search Results 0 to 21 of about 22 (some duplicates have been removed)